Indian startups are back in the spotlight, with funding skyrocketing to $3.4 billion in the third quarter of 2024, doubling from last year’s $1.7 billion. This exciting rebound comes after a tough financial period, showing that the startup ecosystem is ready for a fresh wave of investment.
In Q3 2024, 262 deals were made, a 28% increase from 205 in the same quarter last year. The number of…
In the ever-evolving landscape of remote work, Microsoft has stepped into the spotlight by reassuring its employees that there are no immediate plans for a mandatory return to the office, unlike some of its tech counterparts. This announcement comes amidst growing tensions in the corporate world regarding remote work policies.
A Shift in Workplace Dynamics
Microsoft has been one of the companies…
Drone technology startup IG Drones has successfully raised $1 million in its first funding round, led by India Accelerator with contributions from various angel investors. This investment is just the beginning, as IG Drones aims to secure an additional $3 million within the next six months to broaden its reach in India and beyond.
Meet the Founders
Founded in 2018 by Bodhisattwa Sanghapriya and Om…
Drone technology startup IG Drones has successfully raised $1 million in its initial funding round, spearheaded by India Accelerator and supported by various angel investors. This funding marks a significant step forward for the startup, which is also gearing up to raise an additional $3 million over the next six months to expand its operations both in India and on a global scale.
Who Are the…
In an exciting move for the AI community, Durk Kingma, one of the co-founders of OpenAI, has announced he’s joining Anthropic. Kingma shared the news through a series of posts on X, highlighting his enthusiasm for the new role while revealing he’ll primarily be working remotely from the Netherlands.
Kingma didn’t specify which part of Anthropic he’ll be joining or leading, but he expressed…
Whatfix, a leading digital adoption platform, has successfully raised $900 million in its Series E funding round, spearheaded by private equity giant Warburg Pincus, with additional support from existing investor SoftBank Vision Fund 2. This new capital is set to fuel the company’s expansion into markets across the US, EMEA (Europe, the Middle East, and Africa), and APAC (Asia-Pacific)…
In a proactive move aimed at shielding retail investors, the Securities and Exchange Board of India (SEBI) has introduced a series of new regulations designed to curb speculative trading in the derivatives market. These changes come in response to the alarming losses that many retail investors have experienced in futures and options (F&O) trading, prompting the need for tighter…
In an exciting development for the fintech landscape, Gurugram-based startup BASIC Home Loan has successfully raised ₹87.5 crore (approximately $10.6 million) in a Series B funding round. This latest investment was spearheaded by Bertelsmann India Investments (BII) and UAE-based CE-Ventures, the venture capital arm of Crescent Enterprises.
The funding round also saw participation from existing…
India is gearing up to fabricate its very first semiconductor chip in just two years, according to Commerce Minister Piyush Goyal. This ambitious move comes as major U.S. chipmakers like Nvidia, AMD, and Micron plan to expand their operations in the country.
A Semiconductor Revolution
During a recent interview with CNBC in New York, Goyal emphasized the growing interest in India’s semiconductor…
A Success Story in E-Learning: Jaro Education
Mumbai-based Jaro Education is on the brink of a major transformation as it files its Draft Red Herring Prospectus (DRHP) for a promising Initial Public Offering (IPO) aimed at raising INR 570 crore. Founded in 2009 by first-generation entrepreneur Sanjay Namdeo Salunkhe, Jaro has emerged as a leader in the e-learning space, specializing in…
